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New Stock Coverage: Rush to Fall in Love With Hi-Crush Partners

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Wall Street ratings agencies set the tone for today's stock market.

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MINYANVILLE ORIGINAL The troika is telling Greece to work six days a week, but Americans may now want to make a habit of toiling for 48 hours fewer. Markets came back refreshed from Labor Day to record their best showing since June, with the Nasdaq (^IXIC) gaining 2.26% to its highest level in almost 12 years.

Mario Draghi, who turned 65 on Monday and is clearly concerned about ever diminishing retirement prospects, kick-started the rally with an assurance that the ECB will implement a "fully effective backstop to avoid destructive scenarios with potentially severe challenges for price stability in the euro area." Not quite as snappy as "whatever it takes," but it nonetheless did the job.

Meanwhile, his counterpart Ben Bernanke took advantage of conditions he created to refinance his home, and the billionaire founder of Facebook (FB) can more easily afford his own 30-year loan as that stock advanced 5.1%.

Today in economics, July consumer credit is expected to show an expansion at 3:00 p.m. Eastern. In earnings action, Astoria Financial (AF), Five Below (FIVE), John Wiley & Sons (JW-A), Orchard Supply Hardware (OSH), Peregrine Pharmaceuticals (PPHM), Shuffle Master (SHFL), and Titan Machinery (TITN) are all due to report results.

Acme Packet (APKT): Shares are initiated with a Sector Perform at RBC Capital, whose target price is $22.

Bemis (BMS): JPMorgan begins BMS at a Neutral and assigns a price objective of $37.

CytRx (CYTR): The small cap is initiated with a Market Outperform at Rodman & Renshaw, whose target is $7. The company is seen as a high-risk high-reward play in the microcap oncology space.

Finisar (FNSR): Shares are a fresh Sector Perform at RBC Capital, whose objective is $18.

PetroLogistics (PDH): The stock is launched with a Buy at Dahlman Rose, which sees it as a pioneer in the trend toward on-purpose production of feedstock chemicals.

Hi-Crush Partners (HCLP):The hydraulic fracturing firm is an Outperform at Robert W. Baird ($23 target), an Outperform at RBC Capital, an Overweight at Barclays, an Outperform at Credit Suisse, and a Buy at UBS.

Sealed Air (SEE): The maker of Bubble Wrap is begun with an Overweight and $19 target at JPMorgan.

Sunshine Heart (SSH): Shares are an Outperform at Cowen.

Tech Stocks: Apple (AAPL) and Dell Inc. (DELL) are each initiated with Buys at Monness Crespi.

Two Harbors Investment (TWO): Bank of America-Merrill Lynch begins Buy rated research on TWO.

(See also: Stock Downgrades: Taking Scissors to Paper Stock Rock-Tenn and Stock Upgrades: Kraft Cracks a Smile After Saying 'Cheese.')
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No positions in stocks mentioned.
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